Italy: Net errors and omissions

* indicates monthly or quarterly data series

Balance of payments, net errors and omissions

 Latest value 10,848.32
 Year 2022
 Measure million USD
 Data availability 1970 - 2022
 Average -3,523.04
 Min - Max -35,508.55 - 32,985.34
 Source The World Bank
For that indicator, we provide data for Italy from 1970 to 2022. The average value for Italy during that period was -3523.04 million USD with a minimum of -35508.55 million USD in 2010 and a maximum of 32985.34 million USD in 2014. The latest value from 2022 is 10848.32 million USD. For comparison, the world average in 2022 based on 153 countries is -72.08 million USD. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Italy - Net errors and omissions - Recent values chart

Historical chart
Italy - Net errors and omissions - historical chart - 1970-2022

Definition: Net errors and omissions constitute a residual category needed to ensure that accounts in the balance of payments statement sum to zero. Net errors and omissions are derived as the balance on the financial account minus the balances on the current and capital accounts. Data are in current U.S. dollars.

 Related indicators Latest value Reference Measure
 Terms of trade 99.14 2021 percent
 Trade openness 74.78 2022 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 36.63 2022 percent
 Exports, billion dollars 750.82 2022 billion U.S. dollars
 Growth of exports 9.94 2022 percent
 Imports, percent of GDP 38.15 2022 percent
 Imports, billion dollars 781.90 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 3.06 2022 percent
 Foreign Direct Investment, billion dollars 31.23 2022 billion U.S. dollars
 Portfolio investment inflows, equities -11,488.85 2022 million dollars (current)
 Current account, percent of GDP 0.50 2023 percent
 Current account, in dollars -30.22 2022 billion U.S. dollars
 Trade balance, percent of GDP -1.52 2022 percent
 Trade balance, in dollars -29.99 2022 billion U.S. dollars
 Reserves 224.58 2022 billion U.S. dollars
 Remittances, percent of GDP 0.51 2022 percent
 Remittances 10,529.55 2022 million U.S. dollars
 Net errors and omissions 10,848.32 2022 million USD
 Foreign exchange reserves 216.02 9/2023 billion
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